American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Instagram Outage Disrupts Thousands of U.S. Users 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
 Class of Amphibious Ships - EconoTimes)
PASCAGOULA, Miss., Aug. 29, 2016 -- Huntington Ingalls Industries (NYSE:HII) announced today that its Ingalls Shipbuilding division has been awarded a $13.7 million contract (with incremental funding) to perform contract design effort for the U.S. Navy’s amphibious warfare ship replacement, known as LX(R).
“Ingalls has the finest shipbuilders and engineers in the world who make it their mission to meet the needs of the men and women of the United States Navy and Marine Corps,” said Ingalls Shipbuilding President Brian Cuccias. “Pairing that with a hot production line and deep experience building San Antonio-class LPD amphibious warships, Ingalls stands ready to smoothly transition the Navy from LPD into the new technologically advanced LX(R) program.”
On June 30, Ingalls was selected to perform the majority of the contract design work for LX(R). The Department of Defense made the announcement at the same time Ingalls was awarded a contract to build the next large-deck amphibious assault warship, LHA 8.
LX(R) will replace the Navy’s Harpers Ferry- and Whidbey Island-class dock landing ships and will use the same hull as the San Antonio (LPD 17) class. Ingalls has delivered 10 of the LPD 17 ships to the Navy, is currently building the 11th, Portland (LPD 27), and has received more than $258 million in advance procurement funding for the 12th, Fort Lauderdale (LPD 28).
A photo accompanying this release is available at: http://newsroom.huntingtoningalls.com/file?fid=57c494672cfac21cbb8e3eac.
Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of engineering, manufacturing and management services to the nuclear energy, oil and gas markets. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. Headquartered in Newport News, Virginia, HII employs nearly 35,000 people operating both domestically and internationally. For more information, visit:
- HII on the web: www.huntingtoningalls.com
- HII on Facebook: www.facebook.com/HuntingtonIngallsIndustries
- HII on Twitter: twitter.com/hiindustries
Contact: Bill Glenn [email protected] 228-935-1323
